On a Weekly timeframe. EurUsd formed a triangle (2 triangles). I see eurusd on its way to form a Heads and Shoulders pattern. (bullish until 1.1925 hits)
On a Daily timeframe. The pair has breached descending trendline. currently waiting for it to retest back and shoot again. I see confluence on 50% retracement level aligning with the weekly resistance area.(same as my weekly target)
(bullish until 1.1925 hits)
On a 4H timeframe. The pair had broken through 2 trendline. eurusd tested the 78% retracement level and bounced back up to break the trendlines. (bullish until 1.1860 hits)
I'm bullish on this pair until the Weekly Blue trendline is been broken.
On a Daily timeframe. The pair has breached descending trendline. currently waiting for it to retest back and shoot again. I see confluence on 50% retracement level aligning with the weekly resistance area.(same as my weekly target)
(bullish until 1.1925 hits)
On a 4H timeframe. The pair had broken through 2 trendline. eurusd tested the 78% retracement level and bounced back up to break the trendlines. (bullish until 1.1860 hits)
I'm bullish on this pair until the Weekly Blue trendline is been broken.